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UK consumer spending dips in week to July 15 - card data

UK consumer spending dips in week to July 15 - card data
UK consumer spending dips in week to July 15 - card data   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Consumer spending on credit and debit cards in Britain fell by 5 percentage points in the week to July 15 from the week before, according to data published by the country’s statistics office on Thursday.

Aggregate credit and debit card spending, based on data from payment processors provided by the Bank of England, fell to 92% of its February 2020 average level, the Office for National Statistics said.

The volume of online job adverts rose and by July 16 it was at 130% of its February 2020 average level.